LED headlights on cars seem to becoming increasingly popular, so I thought I would make my problem about that. I believe that the proportion of car owners who have LED headlights is higher than the proportion of car owners to use regular non-LED headlights now, (according to data from 2019) versus in 2010. During two independent surveys, one survey noted that 355 out of 600 car owners had LED headlights in 2020, while in 2010, 250 out of 600 car owners had LED headlights.

Test this hypothesis using the significance level of 0.05.

Due to the global pandemic, china faces GDP growth for 2020 Q1 to fall by 6.8% year-on-year basis while producer prices for march 2020 also declined by 1.5% year-on-year. Use an closed-economy AD-AS Model to analyse what has happened to china economy. Explain how the event affects the curve in AD-AS Model, taking into consideration of both initial impacts and the subsequent government interventions. Make sure the final short-run equilibrium is consistent with the data mentioned.

6. The public debt - Ownership

The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2005 and June 2010. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.

Source: “U.S. Treasury, Bureau of Economic Analysis.”

Publicly held debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2005, the publicly held debt as a percentage of total national debt was - choose one - 48.7% , 49 %, 53.8%, 49.5%

In June 2005, the percentage of the U.S. national debt held by foreigners was choose one - 26.5%, 24.9%, 24.4%, 25.8%

The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2005 and 2010, the fraction of the national debt held by foreigners choose one - decreased or increased

The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2005, publicly held debt was CHOOSE ONE - 50.5%, 46.2%, 51%. 30.9%   of GDP. Between 2005 and 2010, publicly held debt as a percentage of GDP choose one - decreased or increased

On January 2, 2018, Upton, Inc., signed a ten-year lease for office space. Upton classified the lease as a finance lease. Upton has the option to renew the lease for an additional four-year period on or before January 2, 2022. During early January 2020, two years after occupying the leased premises, Upton made general improvements to the premises costing $400,000 and having an estimated useful life of 15 years. At December 31, 2020, Upton's intentions as to the exercise of the renewal option are uncertain because they depend upon future office space requirements.

  Upton should record amortization of leasehold improvements for 2020 at:

On January 1, 2020, Bronson Corporation had the following information available
regarding its stockholders' equity:

4%, $50 par, cumulative Preferred Stock, 300,000 shares authorized 9,000,000 $
Paid-in Capital in Excess of Par - Preferred Stock 1,440,000
Common Stock, $3 par, 1,000,000 shares authorized, 530,000 shares issued, ?
510,000 shares outstanding
Paid-in Capital in Excess of Par - Common Stock 4,770,000
Paid-in Capital from Treasury Stock Transactions 55,000
Treasury Stock (held at cost) 180,000
Retained Earnings 17,210,000

The following transactions affecting stockholders' equity took place during 2020:
2/4/2020 Issued 170,000 shares of common stock for $13/share.
3/17/2020 Issued 40,000 shares of preferred stock for $54/share.
4/24/2020 Declared a cash dividend to shareholders of record on May 15, 2020 payable on
May 31, 2020. The preferred shareholders are to receive their contractual preference
(no dividends are in arrears) and the common shareholders are to receive $0.30/share.
Use separate payable accounts for preferred and common dividends.
5/31/2020 Paid the cash dividend.
7/3/2020 Sold all of the treasury stock for $7/share.
8/15/2020 Declared a 3:1 stock split on the common stock. Authorized shares were adjusted
to accommodate the split.
9/10/2020 Declared a 10% stock dividend on the common stock for shareholders of record
September 30, 2020, to be issued on October 15, 2020. The market price of the
common stock on September 10, 2020 was $6/share.
10/15/2020 Issued the shares in conjunction with the stock dividend.
11/18/2020 Repurchased 30,000 shares of its own common stock for $5/share.
12/14/2020 Closed out any and all dividend accounts.
12/31/2020 Closed $500,000 of revenues and 265,000 of expenses for fiscal 2020.
Instructions

YOU MUST COMPLETE THE PROJECT BY COMPUTER AND IT MUST BE FORMATTED TO PRINT CORRECTLY!
1) Open T-accounts for the stockholders' equity accounts that contain balances on January 1, 2020 and
insert the appropriate balance labeling it 1/1/20.
2) Record formal journal entries for the 2020 transactions. Journal descriptions are not required.
3) Post the 2020 journal entries to the stockholders' equity T-accounts (or create new stockholders'
equity T-accounts if necessary) labeling each entry with the appropriate date.
4) Prepare the stockholders' equity section of the balance sheet at December 31, 2020.

What Makes a Successful Programmer

Sybil Crumpton, vice president of operations for Bob Marshall Wilderness Bank, has instructed the bank’s computer programmer to use a 365-day year to compute interest on depository accounts (payables). Sybil also instructed the programmer to use a 360-day year to compute interest on loans (receivables).
Discuss whether Sybil is behaving in a professional manner.

Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2020: (Loss amounts should be indicated by a minus sign.)

Problem 7-46 Part-a (Algo)

a. What is Grayson’s net short-term capital gain or loss from these transactions?

b. What is Grayson’s net long-term gain or loss from these transactions?

c. What is Grayson’s overall net gain or loss from these transactions?

d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains?

Before knowledge is shared, it needs to be either created or captured. Creation of knowledge requires bringing innovative ideas together. One of the ways to foster innovative ideas is through slogans and analogies. Elaborate the successful approaches of Honda, Canon, Sharp, Matsishuta, etc. in bringing out innovation and fundamental breakthroughs.

Purple Company has $200,000 in net income for 2020 before deducting any compensation or other payment to its sole owner, Kirsten. Kirsten is single and she claims the $12,400 standard deduction for 2020. Purple Company is Kirsten's only source of income.

Ignoring any employment tax considerations, compute Kirsten's after-tax income for each of the following situations.

Click here to access the 2020 individual tax rate schedule to use for this problem. Assume the corporate tax rate is 21%.

When required, carryout intermediate tax computations to the nearest cent and then round your final tax liability to the nearest dollar.

a. Purple Company is a proprietorship and Kirsten withdraws $50,000 from the business during the year; Kirsten claims a $37,520 deduction for qualified business income.

Kirsten's taxable income is $_150,080__, and her after-tax income is $______________

b. Purple Company is a C corporation and the corporation pays out all of its after-tax income as a dividend to Kirsten.

Note: Individual taxpayers received preferential treatment regarding the taxation of qualified dividends (0%,15%,20%). For single taxpayers, the 0 percent rate applies to the first $40,000 of taxable income.

Purple Corporation's after-tax income is $ 158,000 and Kirsten's after tax income is $_________________?

c. Purple Company is a C corporation and the corporation pays Kirsten a salary of $158,000.

Purple Corporation's after-tax income is $________________ and Kirsten's after-tax income is $________________?